Mr. Kerem Usenmez reports

VOLTA COMMENCES INAUGURAL DRILL PROGRAM AT ITS FALCON WEST LITHIUM PROPERTY

Volta Metals Ltd. has commenced its inaugural drill program at its Falcon West lithium property, where recent exploration has discovered multiple outcropping lithium pegmatites over a 300-metre-by-500-metre area (see press release dated Nov. 14, 2023).

The company plans initial drill tests of all of the spodumene-bearing lithium-pegmatite dikes identified during this summer's phase 1 exploration program. In detail, the inaugural drill program consists of 11 diamond drill holes designed to confirm the high-grade surface channel sample in addition to extending mineralization at depth.

Kerem Usenmez, PEng, president and chief executive officer, commented: "This inaugural drill program marks a significant milestone for the Falcon West project and for Volta shareholders. Our team has discovered lithium mineralization on surface, generating drill targets in a very short period of time."

Share issuance

Pursuant to the terms of the Falcon West option agreement, Volta issued two million common shares as part of its option to earn a 100-per-cent interest on the Falcon West property. The common shares were issued at a deemed issue price of 10 cents per common share for a total value of $200,000. The company also issued 140,000 common shares at a deemed price of 10 cents per common shares for a total value of $14,000 as part of its option to earn a 100-per-cent interest on the Crescent Lake property. The common shares will be subject to a hold period of four months and one day from their date of issuance.

Qualified person

The technical content of this news release has been reviewed and approved by Andrew Tims, PGeo, who is an independent qualified person (QP) as defined in National Instrument 43-101 -- Standards of Disclosure for Mineral Projects. The QP and the company have not completed sufficient work to verify the historical information on the properties, particularly regarding historical exploration, neighbouring companies and government geological work.

About Volta Metals Ltd.

Volta Metals is a mineral exploration company focused on lithium, cesium and tantalum and is based in Toronto, Ont. It has optioned and is currently exploring a critical minerals portfolio of lithium, cesium and tantalum projects in Northwestern Ontario, which is considered to be one of the most prolific, emerging hard-rock lithium districts in the world.

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